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Compleo Charging Solutions AG, DE000A2QDNX9

wallbe to be renamed Compleo Connect

13.09.2021 - 07:33:04

wallbe to be renamed Compleo Connect. Compleo Charging Solutions AG, DE000A2QDNX9

wallbe to be renamed Compleo Connect

Renaming of wallbe GmbH completed wallbe now called Compleo Connect Compleo Group seeks to create synergies for greater market penetration

Dortmund/Paderborn, September 13, 2021 - As of today, the company formerly known as wallbe GmbH, founded in 2008 and headquartered in Paderborn, now trades under the name Compleo Connect GmbH. Starting on May 1, 2021, wallbe officially became a subsidiary of Compleo Charging Solutions AG, the leading provider of charging solutions for electric vehicles. With the change of name, the two companies are also making their close affiliation clear to the outside world.

wallbe is a German provider of charging solutions and thus perfectly complements the products and services of the Compleo Group. wallbe manufactures its charging stations in Schlangen in eastern Westphalia, which is only a short distance from Compleo, which is headquartered in Dortmund.

The cloud-based services as well as payment and billing tools will remain part of the product portfolio under the new Compleo Connect branding. The company also brings all this expertise to the joint development of technologies. Compleo's own experts complement this with their platform for charging stations, embedded software for both AC and DC charging, and knowledge in the field of charging station technology that complies with calibration regulations. This will create strong synergies - an important step in the Compleo Group's growth strategy.

The charging infrastructure is a decisive factor in the traffic turnaround and the market is growing rapidly throughout Germany and Europe. The combination provides the Compleo Group with additional flexibility to take advantage of opportunities in these markets. Ambitions are high in this regard, as Dominik Freund, Managing Director of Compleo Connect, explains: "We plan to expand our product portfolio in the future to drive electromobility forward in Europe as the Compleo Group. Together, we are building a complete ecosystem around charging solutions. This will enable us to offer suitable charging solutions that are always compliant with calibration regulations to a wide range of target audiences - whether commercial, public or private charging." "With our products, we will decisively advance the traffic turnaround, and that is precisely our goal," adds Managing Director Peter Gabriel.About Compleo Compleo Charging Solutions AG, together with its subsidiary wallbe GmbH, is a leading provider of charging solutions for electric vehicles. The company is a complete solution provider with its charging stations and also offers services around the planning, installation, maintenance, service or backend of the charging infrastructure. Compleo's range includes both AC and DC charging stations. The company develops and manufactures all products at its headquarters in Dortmund. In doing so, the manufacturer focuses on innovation, safety, consumer-friendliness and cost-effectiveness. Its customers include Allego, Clever, E.ON, EWE Go, Deutsche Telekom, Siemens and over 150 municipal utilities in Germany. Compleo started production of the first charging stations in 2009 and wallbe GmbH joined the group in 2021. To date, the company has delivered over 50,000 charging points, contributing to the development of the charging infrastructure. Compleo is listed in the Prime Standard segment of the Frankfurt Stock Exchange since October 2020 (ISIN: DE000A2QDNX9). More information is available at: compleo-cs.deMedia Contact Compleo Charging Solutions AG Ralf Maushake Head of Marketing & Communications E-mail: r.maushake@compleo-cs.de Phone: +49 231 534 923 865

Investor Relations Contact Sebastian Grabert, CFA Head of Investor Relations E-mail: ir@comepleo-cs.de Phone: +49 231 534 923 874

End of Media Release Issuer: Compleo Charging Solutions AG Key word(s): Industry

13.09.2021 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Compleo Charging Solutions AG Oberste-Wilms-Stra?e 15a 44309 Dortmund

Germany Phone: +49 231 534 923 70 E-mail: ir@compleo-cs.de Internet: https://www.compleo-cs.com/ ISIN: DE000A2QDNX9 WKN: A2QDNX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1232728 ? End of News DGAP Media

1232728??13.09.2021?

@ dgap.de